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Month: May 2020

Posted on 15/05/2020

Singapore Airlines to cut capital spending estimate by 12% amid virus crisis

Singapore Airlines Ltd said on Friday it would slash capital spending by 12% to S$5.3 billion ($3.72 billion) from a previously planned S$6 billion in the financial year ending March 31 as it grapples ... ( read original story ...)

Posted on 15/05/2020

How One Hedge Fund Made Money Amid Singapore Commodity Meltdown

As Singapore was roiled by troubles at two commodity trading firms that may spark billions in bank losses, one hedge fund eked out a small gain.Tradeflow Capital Management Pte returned a half ... ( read original story ...)

Posted on 15/05/2020

Taiwan-based live streaming company M17 raises $26.5 million Series D led by Vertex Growth

M17, the Taiwan-based live streaming entertainment startup, announced that it has raised a $26.5 million Series D. The round was led by Vertex Growth Fund, with participation from Stonebridge Korea ... ( read original story ...)

Posted on 15/05/2020

Singapore Airlines reports nearly $150 million virus loss

Singapore Airlines reported an annual loss of almost $150 million Thursday, driven by the collapse in air travel caused by the coronavirus pandemic, and the latest sign of the outbreak's devastating ... ( read original story ...)

Posted on 15/05/2020

Coronavirus Victim: Singapore Airlines Records Its First Ever Annual Loss

Singapore Airlines recorded the first annual net loss in its 48-year history as the coronavirus pandemic severely dented air travel demand. Singapore Airline Group, the parent cor ... ( read original story ...)

Posted on 15/05/2020

Home buyers turning to virtual viewings of property during circuit breaker period

Mr Fawzi Jaafar will step into the three-room Housing Board resale flat in Ang Mo Kio he bought last month for the first time.. Read more at straitstimes.com. ( read original story ...)

Posted on 15/05/2020

Amid Covid-19 outbreak, some Singapore school leavers rethink overseas study plans

Raffles Institution alumnus Valerie Lu, 19, was all set to head to the United States to start her degree studies at the Maryland Institute College of Art this August, but the pandemic has made her ... ( read original story ...)

Posted on 15/05/2020

Asia’s Best Bar for 2020 Is Jigger & Pony in Singapore

The best bar in Asia is Singapore’s Jigger & Pony, with Hong Kong’s The Old Man in the number two position, according to Asia’s 50 Best Bars. Jigger & Pony, which was ninth on the 2019 list, is named ... ( read original story ...)

Posted on 14/05/2020

DBS to hire more than 2,000 people in Singapore amid COVID-19 economic downturn

Local bank DBS announced on Thursday (May 14) that it will hire more than 2,000 people in Singapore this year as it commits to protecting jobs ... ( read original story ...)

Posted on 14/05/2020

DBS commits to hiring more than 2,000 people in 2020

DBS has committed to hiring around 2,000 people here this year despite the economic downturn caused by the pandemic.. Read more at straitstimes.com. ( read original story ...)

Posted on 14/05/2020

Singapore enforces social distancing — with a robot dog

Let’s keep Singapore healthy,” comes a woman’s voice, polite but firm. “For your own safety, and for those around you, please stand at least one meter apart. Thank you.” Spot, clearly, is no ordinary ... ( read original story ...)

Posted on 14/05/2020

Singapore reports 752 new COVID-19 cases taking tally over 26,000

Singapore's health ministry reported 752 new coronavirus infections on Thursday, taking city-state's total to 26,098. (Reporting by John Geddie; Editing by A ... ( read original story ...)

Posted on 14/05/2020

Here’s Why Singapore Post (SGX:S08) Can Manage Its Debt Responsibly

It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, Singapore Post Limited (SGX:S08) does ... ( read original story ...)

Posted on 14/05/2020

Singapore-based data protection startup Dathena raises $12 million Series A

Dathena, a Singapore-based company that provides AI-based data protection and privacy solutions, announced it has raised a $12 million Series A. Part of the funding will be used to expand Dathena’s co ... ( read original story ...)

Posted on 14/05/2020

Hong Kong, Singapore lead biggest pullback in Asia-Pacific commercial real-estate deals since 2008 financial crisis

A slump in investment in Hong Kong and Singapore commercial property has contributed to the biggest pullback in a decade across Asia-Pacific. It may take another quarter before a hopeful rebound, JLL ... ( read original story ...)

Posted on 14/05/2020

Lendlease names Singapore industry veteran to head Asia investment management business

Property and infrastructure group Lendlease on Thursday (May 14) announced the appointment of Gan Chong Min as its Singapore-based managing director for investment management, Asia.. Read more at ... ( read original story ...)

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